Abstract
In Chapter 1 we defined the four main problems with which this book deals as being to explain:
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(i)
what determines the level of ‘output’ in any period;
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(ii)
what determines the rate at which ‘output’ grows between any two periods;
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(iii)
what determines the general level of prices in any period;
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(iv)
what determines its rate and direction of change between any two periods.
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Suggested reading
M. Friedman, Essays in Positive Economics (Chicago University Press, 1953) ch. 1.
*T. W. Hutchinson, The Significance and Basic Postulates of Economic Theory (Macmillan, 1938).
A. R. Louch, Explanation and Human Action (Oxford University Press, 1966) chs 4, 5.
J. Robinson, Economic Philosophy (Penguin, 1962) ch. 1.
F. Zeuthen, Economic Theory and Method (Longman, 1955) chs 1–5.
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© 1983 D. C. Rowan
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Rowan, D.C. (1983). The Process of Economic Analysis. In: Output, Inflation and Growth. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-06800-5_2
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DOI: https://doi.org/10.1007/978-1-349-06800-5_2
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-06802-9
Online ISBN: 978-1-349-06800-5
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